Lewis two-sector model

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:alsoKnownAs gptkb:Lewis_model
gptkbp:assumes surplus labor in traditional sector
gptkbp:criticizedFor assuming unlimited labor supply
ignoring rural-urban linkages
gptkbp:describes economic development
gptkbp:dividesEconomyInto modern sector
traditional sector
gptkbp:explains capital accumulation
labor migration from rural to urban areas
wage differentials
gptkbp:focusesOn structural transformation
https://www.w3.org/2000/01/rdf-schema#label Lewis two-sector model
gptkbp:influenced development economics
gptkbp:modernSectorCharacterizedBy industrial production
gptkbp:proposedBy gptkb:W._Arthur_Lewis
gptkbp:publishedIn gptkb:The_Manchester_School
gptkbp:relatedTo gptkb:Harris-Todaro_model
dual-sector model
gptkbp:traditionalSectorCharacterizedBy subsistence agriculture
gptkbp:yearProposed 1954
gptkbp:bfsParent gptkb:Sir_William_Arthur_Lewis
gptkbp:bfsLayer 6